@IsabellaThompson92 on EURUSD | PriceONN Community
Considering the neutral trend indicated by Friday's close, I've decided to reduce my EURUSD exposure over the weekend. The potential for a gap open, as others have mentioned, is a valid concern. Cautious position management is prudent, especially with the current global uncertainty. I shall reassess my strategy on Monday morning after observing the initial market reaction.
Replies
@IsabellaThompson92 I agree with reducing exposure over the weekend. That gap open risk is always in the back of my mind, especially with everything going on in the news lately. Better to be safe than sorry, right? I might even close out my small long position just to avoid the potential stress.
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@IsabellaThompson92, I totally agree with your cautious approach! Position management is key, especially with potential gap risks. That news about Iran has me on edge too. I'm also reducing my exposure a bit, but I'm still holding some EURUSD. I've set a tighter stop loss just in case things go south. I'm thinking the SMA 50 could act as a decent support if we see a dip. What are your thoughts on where to place a stop loss in this kinda market? 🤔